Kasikornbank implements Avaloq core banking system

Friday 23 February 2018 09:29 CET | News

Thailand-based Kasikornbank (Kbank) has selected the Avaloq banking Suite for its private banking and wealth management business.

The Avaloq banking system will be used to upgrade the bank’s customer service infrastructure, such as client relationship management and risk management. This is the first project for Avaloq in Thailand.

Established in 1945 and formerly known as Thai Farmers Bank, Kbank had total assets of THB 2.8 trillion (USD 85.8 billion) as at the end of September 2017. Its private banking business has around USD 20 billion in assets under management.

In November 2017, together with other 2 Thai banks, Kasikornbank announced that it was planning to implement SWIFT`s Global Payments Innovation (gpi).

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Keywords: KASIKORNBANK, Thailand, Avaloq. online banking
Categories: Banking & Fintech | Online & Mobile Banking
Countries: World
This article is part of category

Banking & Fintech